Market Stages Tremendous Rally.... On 40% Of Recent Volume

Tyler Durden's picture

When witnessing this latest vapor volume melt up, what can one say but victory for the bulls... Oh yes, ignore that the relentless rally is on 40% of the past 10 day average volume. 1.8 million ES contracts on 4.46 million 10 DMA. Irrelevant: inverse distribution or something is the conventional spin. Europe is fixed, and no recession is coming - just cover any and all shorts before Google buys them all. Also ignore when a month from today we are back to the level when two ES contracts send the market limit up.

And for those wondering why ES volume actually matters, here is your answer - ES afterhours.

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Stoploss's picture

We need a green arrow to highlight the surge in volume, and a red arrow to highlight the mkt drop, to put it all in "perspective".

SheepDog-One's picture

Yep....everyone is missing that the mid east is about to blow. Ive been warning about it for weeks. Just wait until the ICBM's start flying for some market volatility!

snakeboat's picture

missiles and markets both go up, don't they?

PaperBugsBurn's picture

@the spirit of untruth


You gotta be kidding me... so it's not "the jews" but the russians who have destroyed western society with their russian fetzen... IDIOT


About Me

In 1991, during the first Gulf War, I had a prophetic vision of a future Mideast war and global nuclear Apocalypse in connection with my studies of long-wave patterns of history. This vision led me to uncover how Russia is underhandedly plotting to conquer the world via a surprise nuclear war against the West that will be started in such a manner that the misled world will blame 'The Jews' and America for causing the global holocaust of mass destruction. In reality, however, the Kremlin is guilty for this ultimate act of premeditated mass murder. I believe I'm here to help prosecute the evildoers accordingly.
Youri Carma's picture
Possible Start WOIII Scenario Already Unfolding. Would be a bit early according to the NWO schedule but heck WOIII is WOIII.
jus_lite_reading's picture

LMAO! What a fucking joke!

BUT these days there is NO SUCH THING AS LIMIT UP!! ONLY LIMIT DOWN when the fuckers say so!! They will get bitch slapped real soon when gold spikes $100 in a day!!!!

IQ 145's picture

Price matters. Volume doesn't. A disappointed perma bear who just doesn't understand the concept of rallies. Too bad about that. You were told right here, over and over again, that the reflex rally was coming; it's here. Get over it. Your big crash has been delayed due to technical reasons. Check back next year.

sun tzu's picture

Next year? LOL

You fucking moron. It's a dead cat bounce. Another 300 for the DOW at most before the downturn resumes

yipcarl's picture

I'm going to have to go with Sun...HOWEVER, NO ONE KNOWS DICK.  The market is totally and artifically contrived... I will say that price only matters yes HOWEVER the point is that volume at 40% of normal is not widespread participation and is BS.  Empire index 3 declines in a row, europe faling apart, 2 bailouts no improvement?  The market should be at 5k, the fact it's not mean it can do anything..

HungrySeagull's picture

The price my ass.

I lured out a few coin at ones and two'sies this morning at very ludicrous low prices. I was hoping to trap a buyer.

It sat for two days and nights.


Price yea right.


Upon reflection I think the market is like a dark room filled with people playing spin the bottle and saying "You first."

Gubbmint Cheese's picture

LOL.. what a joke.

 edit: followed by usual immediate decline of the SPY as it trades in the after hours.. ha ha ha

Boilermaker's picture

Please don't soil the good name of jokes everwhere by associating them with this epic bullshit.

Ratscam's picture

don,t mess with SPX 666 or SPX -6.66%. Both days the symbol signalled the lowest daily close for at least a week.
that,s some heck of a fat tail probability.
cant wait for silver hitting 66.60 or does that only work on reverse movements of the SPX?

max2205's picture

We just had a 7sigma oversold low. It had to bounce

Ratscam's picture

as in fanny and fred and aig and gm, please complete the list yourself.

Cleanclog's picture

Seller fatigue.

Only need a teeny bit of organic buying to set the machines in motion,

Cognitive Dissonance's picture

It's so nice to see that the normal insanity is back.

Ancona's picture

Yeah man....I was beginning to worry that actual fundamentals were going to return after last weeks roller-coaster ride. Looks like the recent load of hopium got distributed to the dealers just in time!

Thanks Bennie and Nobama!

Boilermaker's picture

Yep, the 11:30 EST bid-this-fucker-up-relentlessly switch was flipped.  It's conitinuing on in the AH.

There is literally nothing of any integrity remaining in this.  None.

Cdad's picture

Correct.  Banker desperation.  You can just smell it.  The trouble this time is that the economic data confirms recession.  No one wanted their paper shit during the 2 year long rally, and now Average Joe is taking the gain and exiting.

These guys are one SEC enforcement action from a complete market meltdown.  And while that continues to seem like a low probability event, the SECs continued failure to do anything about all the bullshit market manipulation going on day after day on these melt ups will only pound the last nail in the market's coffin.

The bankers cannot continue to be highly leveraged in a recession bound market...and so they need people to sell this shit to.  And of course, gold confirms this.

Looks like a lose/lose situation to me.  Thank you, criminal syndicate known as Wall Street.

Let the Greater American Depression roll on then........


SheepDog-One's picture

And the S&P downgrade was something totaly unexpected and deemed impossible as well, untill it suddenly dropped 1 morning out of the blue. After all, we'd had our souls sold for us and reached a 'compromise' and all. Hey good luck to everyone in their filet mignon wetsuits swimming with great whites saying you'll carve great steaks for the BBQ from them. Yea.

Ident 7777 economy's picture

untill it suddenly dropped 1 morning out of the blue. 

- - - - - - - - - -


Evening - and a Friday to boot if I recall ...



Rainman's picture

All the really nasty shit is reserved for Friday after close. Christmas Eve even better.

Barry McBear's picture

Actually it was out Thursday morning. 

sun tzu's picture

Do you really think the SEC or any government agency is going to take down Wall Street?

Jack Napier's picture

Not a chance, but they are going down. Silver is their achilles heel. Although Nathan Rothschild is already positioned in the HKMEX so it's not like they'll go away when JPM and GS crash. It will be a hollow victory and most people will probably go back to sleep.

Change your avatar please. I come here for the boobs.

hettygreen's picture

Hey CD average joe got burned down about three years ago. No average joes left in this casino.

total nonsense's picture

The Bulls will be all over TV tonight. They told you!!

SheepDog-One's picture

WHOO HOO! Yea! Bernank Goin into Jacksons Kornhole to make the case for QE3 free trillions to save the markets with the DOW pumping +200 daily and easily! 

ben_bernanke's picture

It is unreasonable to measure today's volume and compare it to recent volume, which was massive. Yes, a pullback is probably coming for a few days, but looking at volume in this manner is incorrect from a trading perspective. Obviously volume at a major low will be higher than a major top, so average volume will dry up as professionals buy at the lows, prices rise and amateurs get on board the move. If people expect 4 million contracts to be traded every day on the e-mini, they are not really well versed in how markets function.

SheepDog-One's picture

Um, volume was at record lows a couple days ago and -700 points lower too.

Fidel Sarcastro's picture

I think you missed the point: The mkt is getting back to "normal" with ONE-WAY rallies on low volume. Of course it can't trade 4-6 million/day, but +20 handles on light volume is silly...pardon me -- it's normal.

SheepDog-One's picture

Im well versed in how markets function Ben

Step 1- Turn on algo trading robot.

Step 2- ????

Step 3- PROFIT!!

scatterbrains's picture

I wouldn't be surprised if, via globex midnight pumping and the other various techniques, they jack this bitch right back up to the top, trapping the bears once again.

gunsmoke011's picture

With all due respect, it would seem that some would not know a "Normal Market" if they saw one. Understandable I suppose since we haven't seen a "Normal Market" in this country for about 9 years or so when the Masters Of The Univesrse Took Control.. May i suggest you go back and look at charts from the early to late 90's (Before it got Rediculous) if you want to see what a "Normal Market" looked like. Typically, you would see Heavy volume on up days and Light volume on down days. The reason of course is because people actually wanted to own stocks. It was a wierd time when stocks were actually considered an investment - and were bought by Real people using their own Real money. It was so crazy that corporations actually made profits from selling shit as opposed to a collapsing currency and a strong dollar was actually considered a sign of a strong economy. Hell - it was so crazy that people actually use to pay their mortgages rather than defaulting on their mortgages and taking the money they should have paid their mortgage with to go out and buy gadgets like I Phones and I Pads. CRAZY I TELL YA - shit people use to actually buy their own groceries rather than sitting on their ass waiting for their food stamps to arrive. People actually had jobs back then - and well qualified applicants were in such demand that companies use to get into bidding wars for their services. We even had this thing called a Trade Surplus of all things -- weird shit like that! NOW - if you mean by "Professional Traders" you mean the FED and the PPT - then YES - you are probably correct since they came in with billions of dollar and bought up S&P Futures to make the bottom and delay the inevitable reality a little longer. But to think that Low volume Melt Ups and High Volume Sell Offs are representative of "Normal" in a supposed Bull Market -well I am afraid that is a mistaken concept.

gunsmoke011's picture

I think the U.S. needs to start a few more wars so we can bring this Free Market Capitalism to Everyone

hettygreen's picture

RB I've enjoyed a multiplicity of your avatars this evening.

NoClueSneaker's picture

In the pipeline ... don't worry ....


Killing, polluting & bankrrupting is the american way - since 1848 :-P

Boilermaker's picture

Someone with graphic posting rights please post the IYR 10 day chart....

Un-be-fucking-lievable.  I guess they are pretty serious about cornholing all the put holders, again...and again....and again.

Dr. Engali's picture

More wealth in fewer hands.

Dick Darlington's picture

It's the LOW valuations and flurry of corporate deals, bitchez. Lol! No matter where equities trade it's always the LOW valuations.